Movement Alert|DoorDash Intraday Decline 3.29%, Revenue Miss and Weak Guidance Extend Post-Earnings Pullback

Market Focus05-20

On May 20, DoorDash fell 3.29% in regular trading, trading at $149.54/share, with trading volume of $126 million, as the stock continued its post-earnings selloff trajectory.

On the news front, DoorDash's previously reported Q1 earnings showed revenue grew 33% year-over-year to $4.04 billion, missing the analyst consensus estimate of $4.15 billion, with the shortfall attributed to a lower-than-expected platform take rate. Meanwhile, the company's Q2 EBITDA guidance midpoint came in slightly below market expectations. Although adjusted EPS of $0.42 beat the $0.36 estimate, and multiple brokerages including CITIC Securities (target price raised to $172) and Rothschild&Co Redburn (target raised to $350) have maintained buy or overweight ratings, the fundamental overhang from the revenue gap and soft guidance continues to weigh on sentiment, driving sustained profit-taking among investors.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment